Common use of Tax Increment Clause in Contracts

Tax Increment. The term Tax Increment shall mean, in accordance with Neb. Rev. Stat. § 18- 2147 of the Nebraska Community Development Law, the difference between the ad valorem tax which is produced by the tax levy (fixed each year by the County Board of Equalization) for the Project Site before the completion of the construction of the Private Improvements and the ad valorem tax which is produced by the tax levy for the Project Site after completion of construction of the Private Improvements as part of the Project. The “Anticipated Tax Increment" for this Project is calculated and set forth on Exhibit “B”.

Tax Increment. The term Tax Increment shall mean, in accordance with Neb. Rev. Stat. § 18- 18-2147 of the Nebraska Community Development Law, the difference between the ad valorem tax which is produced by the tax levy (fixed each year by the County Board of Equalization) for the Project Site before the completion of the construction of the Private Improvements and the ad valorem tax which is produced by the tax levy for the Project Site after completion of construction of the Private Improvements as part of the Project. The “Anticipated Tax Increment" for this Project is calculated and set forth on Exhibit “B”.